Term Certain Annuities (TCAs)
TCA’s offer a guaranteed payment amount over the term of the investment.
- Security and safety – Investors Group TCAs are backed by the financial strength of Investors Group Trust Co. Ltd
- Competitive interest rates – guaranteed for the full term of the investment
- Five year terms are available for all provinces
- Choices of payment frequency available are:
- semi-annually; and
- Options for tax reporting:
- Prescribed – interest earned is reported for taxation purposes as a constant throughout the entire term of the TCA
- Non-prescribed – interest is reported as it is earned, therefore a larger portion of tax in the initial years when the payout is comprised primarily of interest
- CDIC protection – opportunity to maximize CDIC coverage for terms up to 5 years
Regulatory disclosures regarding Investors Group Trust Co. Ltd.